Welch & Forbes LLC Buys 14,219 Shares of Newell Brands Inc (NWL)

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Welch & Forbes LLC grew its stake in Newell Brands Inc (NYSE:NWL) by 7.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 207,475 shares of the company’s stock after buying an additional 14,219 shares during the quarter. Welch & Forbes LLC’s holdings in Newell Brands were worth $3,857,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in NWL. Bank of Montreal Can lifted its stake in Newell Brands by 14.7% during the third quarter. Bank of Montreal Can now owns 676,711 shares of the company’s stock worth $13,737,000 after purchasing an additional 86,867 shares during the last quarter. Manning & Napier Group LLC increased its holdings in shares of Newell Brands by 3.7% in the fourth quarter. Manning & Napier Group LLC now owns 161,745 shares of the company’s stock valued at $3,006,000 after purchasing an additional 5,843 shares during the period. Malaga Cove Capital LLC increased its holdings in shares of Newell Brands by 34.5% in the third quarter. Malaga Cove Capital LLC now owns 52,419 shares of the company’s stock valued at $1,090,000 after purchasing an additional 13,448 shares during the period. Brown Advisory Inc. increased its holdings in shares of Newell Brands by 82.1% in the third quarter. Brown Advisory Inc. now owns 45,560 shares of the company’s stock valued at $925,000 after purchasing an additional 20,542 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in shares of Newell Brands by 15.7% in the third quarter. Bank of New York Mellon Corp now owns 14,040,672 shares of the company’s stock valued at $285,027,000 after purchasing an additional 1,906,362 shares during the period. Institutional investors and hedge funds own 98.42% of the company’s stock.

A number of research analysts have recently issued reports on NWL shares. Wells Fargo & Co reissued a “buy” rating and issued a $36.00 target price on shares of Newell Brands in a report on Thursday, December 20th. Citigroup upped their price objective on Newell Brands from $25.00 to $27.00 and gave the stock a “buy” rating in a report on Tuesday, December 4th. Zacks Investment Research raised Newell Brands from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a report on Monday, January 7th. TheStreet lowered Newell Brands from a “c” rating to a “d” rating in a report on Friday, November 2nd. Finally, ValuEngine raised Newell Brands from a “sell” rating to a “hold” rating in a report on Thursday, November 1st. Eleven equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $24.67.

Shares of NYSE:NWL traded up $0.30 on Tuesday, hitting $21.66. The company had a trading volume of 101,669 shares, compared to its average volume of 4,770,075. The company has a quick ratio of 2.53, a current ratio of 2.98 and a debt-to-equity ratio of 1.54. Newell Brands Inc has a 52-week low of $15.11 and a 52-week high of $29.55. The company has a market capitalization of $10.15 billion, a P/E ratio of 7.87, a P/E/G ratio of 3.82 and a beta of 0.90.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 15th. Stockholders of record on Thursday, February 28th will be given a $0.23 dividend. The ex-dividend date of this dividend is Wednesday, February 27th. This represents a $0.92 annualized dividend and a dividend yield of 4.25%. Newell Brands’s dividend payout ratio is currently 33.45%.

In related news, SVP James L. Cunningham III sold 22,331 shares of the stock in a transaction dated Monday, November 26th. The stock was sold at an average price of $23.45, for a total transaction of $523,661.95. Following the transaction, the senior vice president now directly owns 7,321 shares in the company, valued at $171,677.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.97% of the company’s stock.

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About Newell Brands

Newell Brands Inc designs, manufactures, sources, and distributes consumer and commercial products worldwide. The company's Live segment offers household products, including kitchen appliances, gourmet cookware, bakeware and cutlery, food storage and home storage products, fresh preserving products, and home fragrance products; and baby gear, infant care, and health products primarily under Aprica, Baby Jogger, Ball, Calphalon, Chesapeake Bay Candle, Crock-Pot, FoodSaver, Graco, Mr.

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Institutional Ownership by Quarter for Newell Brands (NYSE:NWL)

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